Transaction
Trigon acted as Arranger and Dealer in PLAY’s largest bond issuance to date, with a total value of PLN 1.25bn.
Key takeaways

Transaction description
Trigon acted as Arranger and Dealer in PLAY’s PLN 1.25bn dual-tranche bond issuance. The transaction represents PLAY’s largest bond issuance to date and Trigon’s second cooperation with the company, as well as the first one in which Trigon acted in an active arranger and dealer role. The transaction comprised two unsecured tranches: a PLN 750m 4.5-year conventional tranche and a PLN 500m 7-year green tranche. Both tranches were priced at record-low spreads for PLAY. The issuance attracted strong investor demand, with significant participation from banks, investment funds, pension funds and insurance companies. The dual-tranche structure enabled PLAY to capture strong demand across different investor groups and secure an excellent financing outcome. The transaction highlights the role of the corporate bond market in financing large, high-quality issuers and further strengthens Trigon’s position in complex domestic debt capital markets transactions.
Transaction team
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